INCOME TAX19 Sept 2026
Travelling abroad? Here's full list of foreign countries with UPI facility availability for Indian tourists | Mint
UPI, or Unified Payments Interface, is now accepted in more foreign countries, helping Indian tourists, students and business travellers pay through familiar apps instead of costly international cards. It cuts transaction and forex charges and lets you pay from your linked Indian bank account. From 15 October, UPI payments above ₹2,000 will attract a 0.4% merchant discount rate, capped at ₹300.
Key Statutory Highlights
- UPI is linked with the payment systems of various countries for person-to-person remittances and person-to-merchant transactions.
- Paying by UPI abroad costs a fraction of international credit or debit cards, which carry hefty transaction fees plus forex processing charges.
- From 15 October, UPI will carry a 0.4% merchant discount rate, still far lower than credit cards at 1.5-2.5% and debit cards capped at 0.90%.
Actionable Advice for Taxpayers / Founders:If you are travelling, studying or sending money abroad soon, check with your bank whether UPI works in that specific country before you rely on it. Carry a card as a backup, since acceptance varies by country.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: